Job Description:

The Internal Auditor will be responsible for reviewing, evaluating and improving the effectiveness of risk management, control and governance processes within the Sacco. That involves conducting audits, preparing reports, collaborating with staff at all levels and ensuring adherence to regulatory requirements and internal policies.

Key Responsibilities:

Audit Planning and Execution:

• Develop and implement annual audit plans based on risk assessments.
• Conduct audits across various departments, including financial, operational, and compliance audits.
• Review processes to identify weaknesses and recommend improvements.

Reporting and Documentation:

• Prepare comprehensive audit reports outlining findings, risks, and recommendations.
• Present findings to the Supervisory Committee and relevant stakeholders.
• Maintain accurate records of audits performed, findings, and the status of corrective actions.

Risk Management:

• Assess and evaluate the effectiveness of internal controls.
• Identify potential risks to the Sacco’s operations and develop strategies to mitigate them.

Compliance:

• Ensure adherence to legal and regulatory requirements relevant to the Sacco’s operations.
• Monitor changes in laws and regulations, advising the management and Supervisory Committee accordingly

Collaboration and Advisory:

• Work closely with the CEO and senior management to provide insights on improving operational efficiency and effectiveness.
• Offer guidance on best practices in internal controls and governance.

Continuous Improvement:

• Stay updated on emerging trends, best practices, and developments in the audit profession.
• Lead initiatives to enhance audit methodologies and procedures within the Sacco.

Qualifications:

Educational Background: 

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Certified Public Accountant (CPA-K) and a Member of ICPAK in good standing.
• Professional certification such as Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) or equivalent will be an added advantage.

Experience:

• Minimum of 4 years of relevant experience in internal auditing, external auditing, or a similar financial role.
• Experience working in a cooperative or financial institution will be advantageous.

Skills:

• Strong analytical and problem-solving abilities.
• Excellent written and verbal communication skills.
• Proficiency in auditing software and Microsoft Office Suite.
• Knowledge of auditing standards and practices.

Personal Attributes:

• High ethical standards and professionalism.
• Attention to detail and a commitment to quality work.
• Ability to work independently and as part of a team.
• Strong organizational skills with the ability to manage multiple priorities